If you were a child of the 1980s, or are just a fan of very-late-night cable television, then you've most likely seen Michael Knight (played by a pre-Baywatch David Hasselhoff) and his chatty supercar sidekick, KITT (Knight Industries Two Thousand), do battle with bad guys on the small-screen action-adventure show Knight Rider.

At first glance, KITT appeared to be a sporty 1982 Pontiac Trans Am, fresh off the assembly line. But thanks to a little Hollywood razzle-dazzle, the car transformed into a virtually indestructible machine—possessed with advanced artificial intelligence that allowed it to accept voice control commands, interact with "The Hoff" and make decisions on its own. In fact, the car's AI was so advanced that KITT formed a kind of personality, which is what has endeared the "car" to millions of auto geeks in a way the Batmobile never could be. But when the show was shelved in 1986, so was KITT.

Last week, NBC unveiled an all-new, controversial KITT, which is set to star in the made-for-TV Knight Rider movie in February. Based on the still-to-be-released Ford Mustang Shelby GT500KR (click here for engine-revving video), this virtual Stang comes tricked out with a supercomputer that can hack almost any system; a very capable weapons system; and a body—thanks to nanotechnology—that's able to shape-shift and change color at will. Like its predecessor, the 21st century KITT gets AI from digital effects wizards that makes it an ideal crime-fighting partner: logical, precise and infinitely smart.

Designer Harald Belker, who has created the Batmobile for Batman and Robin and a next-gen space shuttle for Armageddon, came onboard to give the new KITT. a unique look. "The goal was to make it look more aggressive without being hokey or garish," Belker says. "Maintaining as much of the original beauty of the Shelby as possible was important—and not just because of the Ford connection. It had to be simple yet believable as a superhero." Once his vision was set, Belker turned to Ted Moser from Picture Car Warehouse to make his drawings come to life. But there was one big hurdle: The GT500KR doesn't technically exist quite yet. "So we had to finish their design first," Moser says. "Then we brought in a prop maker to create side skirts and spoilers out of wood, smooth them out, and sent them to a fiberglass shop to make molds. Once the parts are formed from those molds, we finish them and attach them to the car."

One of the cooler features of the Mustang KITT is air-ride suspension, which allows its driver to lower the car's ride height when the vehicle morphs from Hero to Attack mode. "When it goes on the offensive, it gets slammed to the ground," Moser chuckles. Very aggressive, indeed. There will be three models used in filming: Hero (essentially a stock GT500KR); Attack (the tricked-out model); and Remote Control (operated via RC, obviously). "All of the `transforming' will be done through CGI animation like in the Transformers movie," Moser admits. (Click here for behind-the-scenes digital wizardry from this summer's blockbuster flick.)

For all you Trans Am holdouts, Mustang droolers and Hasselhoff haters, here's the very first look at all of the new KITT's gee-whiz specs and functionality, matched up to the original to determine which is better equipped for Hollywood crime-fighting.